Pressure BioSciences Inc (OTCQB: PBIO), the technology and sample market specialist, revealed it had hired corporate communications firm NetworkNewsWire (NNW).
"Our award-winning proprietary technology is being installed in some of the top research laboratories around the world, we have just gone from one to six sales personnel, we will finish the development and release four new instruments to the market over the next 18 months, and our revenue continues to grow year-over-year," said Richard T. Schumacher, president and chief executive in a regulatory statement.
"We look forward to integrating NetworkNewsWire's strategies into our own as we focus on delivering an equitable return to our shareholders by increasing the exposure of our company and its potentially remarkable impact on the life sciences industry."
NNW is a financial news and publishing company, it said.
Its strategies help public and private organizations find their voice and build market visibility.
"Pressure BioSciences has developed a cutting-edge technology that has the potential to play a significant role in a number of commercially important areas," states Sherri Franklin, director of Content Marketing for NNW.
Last week it emerged that Pressure BioSciences was to collaborate with Phasex Corporation to combine its exciting ultra shear technology (UST) with the latter's processing methods to develop water-soluble nanoemulsions.
These (nanoemulsions) are mixtures of two or more liquids, which could be used in various products, including medical, pharmaceuticals, and nutraceuticals, and the companies hope to create a CBD-enriched plant oil.
The UST technology has recently been issued its first two patents in China.
Shares added 3.24% to US$4.14 each